Exam Name: | PMI Risk Management Professional (PMI-RMP) Exam | ||
Exam Code: | PMI-RMP Dumps | ||
Vendor: | PMI | Certification: | PMI Certification |
Questions: | 221 Q&A's | Shared By: | lili |
A risk manager monitors risks on a medium-sized project by collecting inputs and data from individual project team members. What output is produced by the risk manager after analyzing the information they receive?
A project manager has requested the risk manager's support in deciding whether to purchase a new component to expedite project execution. The component price is US$100,000 and there is a 30% chance that it might not function as expected resulting in an additional US$50,000 cost However, if the component does work well the project will make a profit of USS500.000. If the component is not purchased, there is an 80% chance of failure with an impact of US$250 000.
What should the risk manager recommend?
Which statement describes the risk portrayed on the risk matrix heat map below?
A project manager is developing the risk register and works with the team to analyze risks and determine their probability and impact. There is valuable historical data available that may be used to simulate the overall risk outcome.
Which type of analysis should the project manager use in this instance?